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More from Tesla Motors' presentation at the Detroit Auto Show

  • Tesla Motors (TSLA +4.6%) plans to double sales and services locations in the U.S. this year.
  • VP Guillen insists the reported recall issue is a rather standard firmware update. Whether or not that's a question of semantics, the potential for an upgrade/recall has been well-telegraphed.
  • On the Q4 production tally, analysts are quick to note that although the number beats Tesla's guidance handily, it's roughly in-line with expectations.
  • The Model X didn't make an appearance, but is being worked on "vigorously," according to execs. The comments on the Model X were pretty thin gruel for debate either way.
  • The supercharger network in the U.S. is progressing ahead of schedule.
  • Detroit Auto Show timeline
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Comments (15)
  • Nigel D'Souza
    , contributor
    Comments (186) | Send Message
     
    Exactly. Announcement was right in line with consensus estimates. Why the pop? I have no idea. Also, the Model X didn't make a debut and the expectation was that the Model X was ready for unveiling.

     

    Markets are irrational. That's all I can say.
    14 Jan, 12:29 PM Reply Like
  • chickensevil
    , contributor
    Comments (703) | Send Message
     
    For the record this is not "unusual" for Tesla. They have NEVER pushed the big news at any show. It has ALWAYS been first released at their own events for owners, investors, and workers. This is exactly what will be happening this time around. People are estimating a very similar timeline on their Beta cars and we are still about a month out (IIRC) on the expected release of the first X Beta.

     

    The reason why it was depressed is because of the terrible FUD about the "recall" and the terrible FUD from the heavy bears suggesting that they wouldn't even hit the 6k number (nevermind over shoot that).
    14 Jan, 03:20 PM Reply Like
  • omarbradley
    , contributor
    Comments (966) | Send Message
     
    this thing is going to go over 200 soon. Ford will be forced to respond with an all electric Ford Ranger...or go the way of General Motors..."bankruptcy 2.0." don't even get me started on Fiat. It will be a miracle if the Yen survives the weekend.
    14 Jan, 10:20 PM Reply Like
  • John Bingham
    , contributor
    Comments (965) | Send Message
     
    omar,

     

    Ford already did!

     

    http://bit.ly/1eD9ZRc

     

    Looks like Ford could have had a head start in EVs! Shame they blew it....

     

    More info on the Ranger EV here:

     

    http://bit.ly/176ZXp0

     

    I believe there's still a very small handful of these pickups out there somewhere. It was sometimes referred to as the "Low Ranger" for obvious reasons.
    15 Jan, 07:03 AM Reply Like
  • surferbroadband
    , contributor
    Comments (1818) | Send Message
     
    Markets are irrational to a point. Some of the investors are a bunch of low information people. Kind of like the low information voters.

     

    Something that was planned for quite sometime and one group says it will never happen. When it happens, then the other group gains standing and general opinion changes.

     

    Actually why the pop? If you read Sal Demir article full analysis http://seekingalpha.co...

     

    then you will see that TSLA should be at 160 not 153 which is what it is right now. Was at 140 yesterday, and that was a buy.
    14 Jan, 01:18 PM Reply Like
  • fire wired
    , contributor
    Comment (1) | Send Message
     
    So they beat expectations, and instead of celebrating, this blurb tries to minimize or construe everything in a negative light. What's up with that?
    14 Jan, 01:22 PM Reply Like
  • Kalud
    , contributor
    Comments (49) | Send Message
     
    The reported recall official info is there: http://1.usa.gov/1m0y9dZ
    14 Jan, 01:47 PM Reply Like
  • Karl Werner
    , contributor
    Comments (3) | Send Message
     
    They sold 6.9k cars and they planed 6.0k. The delta is 15% and that is roughly in line with expectations? Where did the "analysts" go to school?
    14 Jan, 01:49 PM Reply Like
  • Cassina Tarsia
    , contributor
    Comments (646) | Send Message
     
    Looks like Tesla is right on schedule ... even a little ahead ... with everything. Can't wait for the debut of the Model X - should make quite a pop with the market!
    14 Jan, 02:18 PM Reply Like
  • chickensevil
    , contributor
    Comments (703) | Send Message
     
    The firmware update was a month ago, and the "recall" was the replacement of at most a retail priced part of 50$. Tesla's cost to this adapter is likely half that. All to help with an issue that isn't even Tesla's fault, but they are trying to do whatever they can to make things safer anyway. Imagine that? A company that actually tries to make things safer regardless of whose fault it is.
    14 Jan, 03:25 PM Reply Like
  • Sellinpanic
    , contributor
    Comments (651) | Send Message
     
    To all Tesla doubters, naysayers, bears, gargantuan battery problem authors, cold weather speculators and last, but not least our beloved shorters (who got squeezed once again, don't get us wrong, we Tesla Longs love you ;-)... I hope you learned a lesson for once and for all and see what TSLA, Elon & Co, true innovation and fearless masterful execution can achieve!!! Long live and prosper Tesla!!!

     

    From a true Tesla believer, Thank You once again Elon, Thank You!!!
    14 Jan, 03:33 PM Reply Like
  • Welles72
    , contributor
    Comments (2) | Send Message
     
    Amen to that Sellinpanic ! Peace and long life, Elon.
    14 Jan, 05:15 PM Reply Like
  • Tales From The Future
    , contributor
    Comments (5018) | Send Message
     
    "gargantuan battery problem authors"

     

    Funny that many longs wrote a few months ago that the "giga factory" talks were just a bluff by Elon to get a better deal on EV batteries from suppliers.

     

    Now we know more, as I had written a few months ago:

     

    - TSLA will need a giga factory to supply its Gen III car, not just any factory, but apparently the biggest Li-Ion factory in the world

     

    - In final stages to select a location with partners (plural, could be...Panasonic? SCTY?...). It also sounded like the location is inside the US. More probably during the next CC. Such a plant can't be built overnight.

     

    We will see how TSLA can build this factory and the Gen III car tooling and infrastructure from operations' cash-flow as some longs also proclaimed. More than doubtful. Mind the GAAP.

     

    There will be a massive capital increase needed in my opinion as the sales outlook for the Model S haven't been changed for 2014 and the Model X only goes into full production by 2015.

     

    PS: "From a true Tesla believer". When I read statements like these, I have to ask once again if TSLA is a new type of cult or a public company...
    15 Jan, 12:59 AM Reply Like
  • Sellinpanic
    , contributor
    Comments (651) | Send Message
     
    @tftf,

     

    TSLA is actually both a public company with a mythical cult status, so I would define it. People love the product and therefore they buy it expensive as it is. It is a thing that stands out and more than just a car or any product therefore. As a good example, last weekend I visited a car dealer here in Finland which specializes only on lightly used luxury brands and the shop was full of the nicest and most high-end models of all the world's manufacturers from Ferrari, Lamborghini, BMW, Porsche, Mercedes, Lexus to Tesla. Guess which car model stands out from them all? Even the shop owner was drooling over the white Model S P85 they had as a centerpiece.

     

    It is the technology, the appearance, luxury, the feel of something really special and extraordinary that makes TSLA stand out of rest of the pack. ICE is dying and Tesla is the leader of the pack and will succeed. That is why the stock price goes higher and higher and that is why the market will give the benefit of the doubt even if some sort of dilution is inevitable once the battery factory will need funding. You know this is much more than just fundamentally driven stock price valuation at this point, people/investors want to believe in something more than just mathematical equations, they need mythology, they need their modern day gladiator (which Elon is), they need their entertainment like the ancient people of Rome needed their gladiators and arenas. People and market love when they can mix mythology, dreams and desires to their everyday lives to conquer the everyday hardship they confront. That is what Tesla has achieved so far, they have given people to desire something that wasn't there before, that is why TSLA is much more than another company or product or stock.

     

    You know tftf mythology, cults have been an important part of human history since ancient times, calculate that also into the stock price to understand better how people think or behave, believing is not only seeing or calculating things, it is also dreaming and desiring things and that is where TSLA belief starts from.
    15 Jan, 04:42 AM Reply Like
  • Tales From The Future
    , contributor
    Comments (5018) | Send Message
     
    I remember similar cult-like following when the first Lexus launched (hard to imagine now, but this was the case).

     

    Cults may be fickle or sticky. I don't know. All I know TSLA as a cult stock is dangerously valued at the moment - the 20% rise in the stock (from an already high base level) because they sold 6.9k units in the last quarter is probably the best exhibit...this has next to nothing to do with fundamentals.

     

    All cults (and cult valuations) end one day when reality sinks in.

     

    TSLA can't build millions of cars with high margins tomorrow and make their valuation become reasonable.
    15 Jan, 09:20 AM Reply Like
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